Super Micro Computer (NASDAQ:SMCI) Trading Up 2.4% - Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) rose 2.4% on Tuesday . The stock traded as high as $37.84 and last traded at $36.95. Approximately 40,305,931 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 77,464,578 shares. The stock had previously closed at $36.07.

Analyst Ratings Changes

SMCI has been the subject of several research reports. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Northland Securities reiterated an "outperform" rating and issued a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an "underweight" rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.87.

Super Micro Computer Trading Down 0.6 %

The company has a market cap of $23.09 billion, a price-to-earnings ratio of 19.53 and a beta of 1.30. The company's fifty day moving average price is $36.89 and its two-hundred day moving average price is $38.97. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insider Transactions at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company's stock.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Castle Rock Wealth Management LLC bought a new position in Super Micro Computer in the fourth quarter valued at approximately $207,000. Park Square Financial Group LLC bought a new position in Super Micro Computer in the fourth quarter valued at approximately $475,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Super Micro Computer in the fourth quarter valued at approximately $8,785,000. Bernard Wealth Management Corp. bought a new position in Super Micro Computer in the fourth quarter valued at approximately $33,000. Finally, Carolinas Wealth Consulting LLC bought a new position in Super Micro Computer in the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 84.06% of the company's stock.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.